Regulatory Alerts2021-02-04 | 2021-02028Transferred OTS Regulations Regarding Securities Offerings of State Savings Associations and Proposed Rulemaking
The Federal Deposit Insurance Corporation proposes to rescind transferred Office of Thrift Supervision regulations and a 1996 Statement of Policy regarding securities offerings by state savings associations and nonmember banks. The agency intends to replace these outdated provisions with a new unified regulation governing securities disclosure requirements for all FDIC-supervised institutions. This action aims to streamline federal regulations, update references to current securities laws, and ensure parity between different classes of supervised institutions.
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